If a competitive firm is in short-run equilibrium,then

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All of the options are possible in the short run for a competitive firm in short-run equilibrium. It depends on the market conditions and the specific cost and revenue factors for the firm. For example, if the firm is producing at a point where marginal cost equals marginal revenue, profits will be zero. However, if the price is temporarily high due to high demand or low supply, economic profits might be positive in the short run. On the other hand, if the costs (including opportunity costs) exceed the revenue, economic profits will be negative in the short run. Therefore, all three options are possible in the short run.

If a Competitive Firm Is in Short-Run Equilibrium,then